Christopher N. Stathoulopoulos's questions to AVIS BUDGET GROUP (CAR) leadership • Q2 2025
Question
Christopher N. Stathoulopoulos from Susquehanna International Group asked for a concise vision of the 'Avis of the future' and how new initiatives align with normalized EBITDA targets. He also inquired about the 2026 vehicle purchasing strategy in light of potential used car market inflation from tariffs.
Answer
CEO Brian Choi defined the future vision as leveraging 'mega fleet management' for both its own rental business and for partners in the broader mobility ecosystem. He reaffirmed the normalized EBITDA floor of $1 billion, with new ventures being additive. Regarding 2026 fleet plans, Choi stressed that the company will remain disciplined and not repeat past mistakes of overpaying for vehicles, ensuring any new OEM deals are sustainable for both parties.